Typically, retirement income is made up of several sources of guaranteed and non-guaranteed income withdrawn strategically in retirement to replace your paycheck.

If you’re unsure if you’re on track for the retirement you want, talk to your financial professional. Taking small steps now to plan for that might make a big difference once you retire.

Start planning:

• What is retirement income and how to create a plan for yours
• Digital worksheet: Build your retirement budget (PDF)

Outliving your savings is a common concern among retirees. That is why it’s important to create a retirement income plan that will allow you to maintain your lifestyle throughout your retirement.

Talk with your financial professional to learn more about how and when you access your retirement funds can have an impact on your income in retirement.

Go deeper:

• Spending in retirement: Withdrawal strategies and tax tips
• Map out your retirement budget (our free interactive worksheet can help)

When you retire, you typically have these options for the money in your workplace retirement plan:

• Roll it over to an IRA
• Keep it where it is
• Move it to another retirement plan
• Cash out your balance

Each choice has pros and cons. Learn more about each one (PDF).

If you’re nearing retirement and ready to talk about your options, talk to your financial professional.

Go deeper:

• How do I rollover a retirement account?
• What’s the 59½ rule for early retirement savings withdrawals?
• Video: Retirement savings account differences and what’s best for you

Social Security provides guaranteed lifetime income, but it’s not meant to be your only income in retirement. Instead, you might use it strategically along with other income sources, as a part of your overall retirement plan.

Get more details:

• When should I start taking Social Security?
• How Social Security may be different when you retire
• Who is eligible for spousal and survivorship Social Security benefits?
• Video: Social Security deep dive
• Video: 3 mistakes to avoid and an outlook

If you want to talk about your plan for retirement, talk to your financial professional.

Healthcare decisions are an important piece of retirement planning. Medicare helps cover some of the cost but knowing which option to choose or how to budget can be complicated.

Explore Medicare and how to budget for these costs in retirement.

Learn more:

• How to budget for the cost of health care in retirement
• How to budget for long-term care in retirement
• Medicare enrollment deadlines that matter to your finances
• Worksheet: Paying for healthcare in retirement (PDF)

If you’re like many people, you want to know if you’ll have enough in retirement, talk to your financial professional.

After you reach age 73, you're required to take out some of your savings from retirement accounts like 401(k)s, 403(b)s and most kinds of IRAs. Generally, it may be best to consider your RMDs first when taking money out of variable income sources.

Go deeper:

• What are RMDs and when do you have to take them?

With every big financial decision, it’s important to talk to your financial professional.

Learn more about what estate planning includes, what decisions you may need to make, and how you can start building a plan that reflects your values and protects those you care about.

Get more details:

• Document your plans workbook (PDF)Save your loved ones stress and worry with careful planning and organization of your financial and estate information.
• Estate planning workbook (PDF)Help meet the long term goals for you and your family with our helfpul guide.
• Webinar: Help ensure peace of mind
• How to create a will—with easy steps
• 5 Healthcare documents to include in your estate planning

• Watch a webinar: For easy-to-understand information to help you plan for the future with confidence, view our library of pre-recorded webinars.
• Read more: Access articles and all things retirement prepartion. View our retirement research and insights hub.
• Don't have a financial professional? Call 800-547-7754 to get started. Or we can help you find a financial professional in your area.